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Search Results 0 to 6 of about 7 (some duplicates have been removed)
the road. and the tax hikes were not as bad as many people thought. the next thing is the debt ceiling which was a big leverage point and republicans kicked that can down the road. all you have left is the sequester. a lot of votes stores are on the sidelines worried about political risk and but a lot of political risk has been removed. tracy: you said kicked down the road but it will come back. you're talking about short-term euphoria for a while, correct? >> correct. the fed money policy is a huge driver. they're in the process of a financial repression regime where you look at different asset classes like treasury bonds. they're incredibly expensive. you don't make anything after cash. you lose money after inflation, right? tracy: right. >> what are your options? they're trying to drive people into risk assets. as investors look into high-yield bond or certain types of mortgage-backed securities they have become very rich. the only thing really left is equities. it is almost a process of elimination for investors. they end up driving equities higher. tracy: that's what we've seen in
the only problem with the suspend the debt ceiling and make it go away, is a three-month part, suspend it. but the no pay, is getting misreported. i imagine this is part of the 27th amendment you point out, it is not no budget, no pay. if they don't pass a budget they don't get paid until the final day of the session. it is no budget, you get paid later. but you get all of your money kept in an escrow account, all handed to you on the last day of the session. it is not the same as no budget, no pay. just one more thing about the bill that is not quite on the level. >> and it is not actually a budget they're talking about. all they're talking about is each body talking about passing a resolution, which is not a law, and doesn't change anything. it is just a resolution, a promise to do something in the future. and the way they have written it, apparently ezra, if the senate passes one, then okay, the senate can get paid. if the house passes one then house members can get paid. but the 27th amendment very simply says no law varying the compensation of the services of senators and representat
. >> greta: every time we hit one of the mile posts, whether it's sequestration or debt ceiling, taxes going up, whatever it is, what happens is the solution is just to extend is somehow and create another hurdle in a certain period of time and when we get to that point we do it again. i mean. >> that's not the best way to do it. >> greta: is there ever going to be a finality to this. >> one way or the other because there will come a point where the debt will deal with us if we don't deal with it. no doubt it has to be dealt with, we would hope we would deal with it it before that point of crisis before we become europe or one of the places that scramble to deal with it that should been dealt with a long time. the president of the united states gave his inaugural address on monday and barely mentioned the national debt and the fundamental argument only way for the middle class and create prosperity in america is for the government to have more control over our economy, more taxes, more regulations, more spending. there's a fundamental difference between the president's view of our future and
to go along with the debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot of republicans right now who are given what's happened. but again, we see shifts in party allegiances fairly quickly. it just does seem like my party is suffering a long-term letdown. to say the least. >> yeah. look, mary has a strong character, as we all know. the truth is that the president actually won and he won pretty big for his ideas. i didn't -- by the way, the president talking about cap and trade in his inaugural. he didn't say how he would address climate change. he said we have to address the impact of it. the question for republicans, i think, is what's the big idea? and it
Search Results 0 to 6 of about 7 (some duplicates have been removed)